Vail Resorts (MTN) PT Raised to $250.00

Vail Resorts (NYSE:MTN) had its price target upped by Bank of America from $245.00 to $250.00 in a research note published on Friday, November 10th. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on MTN. MKM Partners reissued a buy rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research raised shares of Vail Resorts from a hold rating to a strong-buy rating and set a $264.00 price objective on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a hold rating and issued a $229.00 target price on shares of Vail Resorts in a research report on Thursday, September 7th. KeyCorp reiterated an overweight rating and issued a $250.00 target price on shares of Vail Resorts in a research report on Wednesday, August 30th. Finally, Janney Montgomery Scott reiterated a buy rating and issued a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $250.25.

Shares of Vail Resorts (MTN) traded down $2.21 during mid-day trading on Friday, hitting $223.83. 361,100 shares of the stock traded hands, compared to its average volume of 322,810. The stock has a market capitalization of $9,286.01, a P/E ratio of 43.45 and a beta of 0.48. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. Vail Resorts has a fifty-two week low of $154.11 and a fifty-two week high of $237.77.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm had revenue of $209.10 million for the quarter, compared to the consensus estimate of $210.92 million. During the same period in the prior year, the firm posted ($1.80) EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. research analysts forecast that Vail Resorts will post 6.2 EPS for the current fiscal year.

In other news, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 236,742 shares of company stock valued at $51,804,735. Corporate insiders own 3.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MTN. Commonwealth Bank of Australia raised its position in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after purchasing an additional 367 shares during the period. Toronto Dominion Bank bought a new position in shares of Vail Resorts in the second quarter valued at approximately $100,000. Strs Ohio bought a new position in shares of Vail Resorts in the second quarter valued at approximately $105,000. SG Americas Securities LLC bought a new position in shares of Vail Resorts in the second quarter valued at approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Vail Resorts in the second quarter valued at approximately $162,000. 94.57% of the stock is currently owned by institutional investors.

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Vail Resorts Company Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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